Credit Suisse analyst Neil Glynn reduced the price target on EasyJet to 787p from 927p, maintaining an Outperform rating on the shares. The lowering of the price target helped further fuel EasyJet's share price decline with an over 2% fall on Friday.
It is up 0.86%in early Monday trading but is down over 20% for the year to date. Last week, analysts at Exane BNP Paribas downgraded fellow European airline IAG to Underperform from Neutral, setting a 150p price target as potential new lockdowns continue to impact air travel.
Deutsche Bank analyst Adam Cochrane increased the firm's price target on Marks & Spencer to 265p from 195p, maintaining a Buy rating on the shares.
Last week Jefferies downgraded Marks & Spencer to Hold from Buy, setting a price target of 250p.
UBS analyst Nik Oliver increased the price target on Imperial Brands to 1,600p from 1,480p, maintaining a Neutral rating on the shares.
Travel stocks, including EasyJet shares, have been severely impacted by the coronavirus pandemic and subsequent travel restrictions. Hotels, airlines, cruises, and car rental companies have all been affected, but could now be a good time to buy travel stocks at a discount? Are EZJ shares included on our list of the best travel stocks to buy? Here's what our analyst had to say on the issue…
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Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.